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Baker Hughes A GE Co (BHGE.N)

BHGE.N on New York Stock Exchange

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13 Sep 2019
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Thu, Sep 12 2019

Grand jury indicts GE's Baker Hughes for exposing workers to toxic chemicals

Sept 12 A grand jury in Alaska this week indicted General Electric's Baker Hughes, two of its subsidiaries and an employee, for 25 felony charges of assault relating to toxic chemical releases at a construction site, according to authorities.

GE to lose majority control of Baker Hughes with up to $3 billion share sale

General Electric is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares, resulting in a reduction of the U.S industrial conglomerate's stake in the oilfield services provider to less than 50%, Baker Hughes said on Tuesday.

UPDATE 2-GE to lose majority control of Baker Hughes with up to $3 bln share sale

Sept 10 General Electric is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares, resulting in a reduction of the U.S industrial conglomerate's stake in the oilfield services provider to less than 50%, Baker Hughes said on Tuesday.

GE's Baker Hughes sees range-bound oil prices for foreseeable future

Sept 3 Oil prices are likely to remain range-bound for the "foreseeable future" and there will be little spending growth in North American oil and gas fields in the near to medium term, Lorenzo Simonelli, chief executive of General Electric Co's Baker Hughes said on Tuesday.

U.S. oil rig count at Jan 2018 low in deepest cut since April -Baker Hughes

Aug 23 U.S. energy firms this week cut the most oil rigs in about four months, with the rig count falling to the lowest since January 2018, as producers cut spending on new drilling and completions.

General Electric renews defense against charges of bogus accounting

NEW YORK, Aug 19 General Electric Co further defended itself on Monday against fraud investigators who said last week the Boston-based conglomerate had failed to put aside money to cover $29 billion in potential insurance losses and had improperly counted profit from subsidiary Baker Hughes as its own.

Oil rises after Saudi oilfield attack, but recession worries cap gains

* Yemen's Houthi drone attack on Saudi oilfield causes gas fire

UPDATE 3-GE's Baker Hughes beats estimates on international demand, LNG drilling

July 31 General Electric Co's oilfield services arm, Baker Hughes, beat quarterly profit estimates on Wednesday, driven by higher LNG drilling and demand for its oilfield services in international markets, sending its shares up nearly 6%.

Baker Hughes adjusted profit more than doubles

July 31 Baker Hughes' quarterly adjusted profit more than doubled on Wednesday, boosted by higher demand for its oilfield services in international markets as well as more orders for LNG projects.

Buyout firm Arcline Investment to buy Baker Hughes unit

Arcline Investment Management, a U.S. private equity firm founded by former Golden Gate dealmaker Rajeev Amara, said on Thursday it would buy a unit of Baker Hughes , General Electric Co's oil-servicing subsidiary.

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